$ETH $SNDK The downward trend is now crystal clear.
Caibao’s perfectly timed call ahead of this move was spot-on in this morning’s analysis. When they called for buying the dip on confirmation, it was right near the absolute bottom. Ethereum has now climbed to around 2,340, and SanDisk has surged to a high of around 1,150. Could this huge V-shaped recovery be the start of a bull market?
Caibao isn’t so sure. They don’t think a bull market will kick off right away at this point in the year. In their view, this rebound is just a short-lived bounce after the Democrats’ midterm election victory turned bearish news into bullish news. Looking at the chart, 2,340 is resistance on the daily chart, and the hourly chart is also starting to drift down on declining volume. So Caibao told everyone to place short orders on Ethereum right at 2,340.
Just now, a single wick plunged straight to 2,339. The limit order missed by a little, but the overall direction and entry level were spot-on! That’s the strategy: short from higher levels. A take-profit target of 50 points is plenty!
Caibao’s perfectly timed call ahead of this move was spot-on in this morning’s analysis. When they called for buying the dip on confirmation, it was right near the absolute bottom. Ethereum has now climbed to around 2,340, and SanDisk has surged to a high of around 1,150. Could this huge V-shaped recovery be the start of a bull market?
Caibao isn’t so sure. They don’t think a bull market will kick off right away at this point in the year. In their view, this rebound is just a short-lived bounce after the Democrats’ midterm election victory turned bearish news into bullish news. Looking at the chart, 2,340 is resistance on the daily chart, and the hourly chart is also starting to drift down on declining volume. So Caibao told everyone to place short orders on Ethereum right at 2,340.
Just now, a single wick plunged straight to 2,339. The limit order missed by a little, but the overall direction and entry level were spot-on! That’s the strategy: short from higher levels. A take-profit target of 50 points is plenty!
